Moving to a new city can be expensive, but if one is a foreigner, the cost of living in the new city will be significantly higher. Mercer’s 2023 Cost of Living City Rankings reveal the most expensive cities in the world, and here’s everything you need to know.
According to Mercer’s 2023 Cost of Living City Rankings, Hong Kong holds the top spot while Islamabad in Pakistan is the cheapest city ranked at 227.
Below is a list of the 25 most expensive cities:
|
city name |
Nation |
|
Hong Kong |
Hong Kong Search and Rescue) |
|
Singapore |
Singapore |
|
Zurich |
Switzerland |
|
Geneva |
Switzerland |
|
Basel |
Switzerland |
|
New York City |
USA |
|
Bern |
Switzerland |
|
Tel Aviv |
Israeli |
|
Copenhagen |
Denmark |
|
Nassau |
Bahamas |
|
Los Angeles, CA |
USA |
|
Shanghai |
China |
|
Beijing |
China |
|
San Francisco, CA |
USA |
|
Honolulu, HI |
USA |
|
Seoul |
Korea |
|
London |
UK |
|
Dubai |
United Arab Emirates |
|
Tokyo |
Japan |
|
Shenzhen |
China |
|
Boston Ma |
USA |
|
Miami City, Florida |
USA |
|
Washington DC |
USA |
|
Chicago, IL |
USA |
|
Vienna |
Shirt |
The seven largest cities in India ranked from 147th to 213th on the list. Mumbai is ranked 147, followed by New Delhi at 169, Chennai at 184, Bengaluru at 189, Hyderabad at 202, Kolkata at 211 and Pune at 213.
said Rahul Sharma, India Mobile Leader at Mercer “We have observed a shift in the relative position of Indian cities in the global rankings, which can be attributed to many factors.
“In particular, the shifting order is partly influenced by currency fluctuations and rising inflation in the prices of goods and services in other regions, such as Europe, which has played a role in pushing up the overall rankings of the Indian city down.”
According to Mercer’s website “High inflation and market volatility impact the cost of living around the world, impacting our purchasing power and living standards.”
Why is living in a new city expensive for expats?
Moving to a new city can be exciting and rewarding but it comes with significant costs. Expats face higher living costs due to many factors:
Housing: When moving to a new place, expats need a roof over their heads, and rents in big cities can be quite high, making it difficult for them to find affordable housing.
Food: Compared to rural areas, restaurants and grocery stores have higher food costs.
Transportation: Usually expats cannot afford to bring a personal vehicle to their new life and that is why they have to rely on public transportation, which can put a strain on their wallets. They had a huge hole.
Utilities: Utilities such as electricity, water and gas can also be more expensive in big cities.
Other expenses: Other expenses such as clothing, entertainment, and healthcare may also be higher in big cities.
In conclusion, being aware of the Most Expensive Cities for Expats in 2023 is important for individuals or businesses planning to relocate or expand internationally. Mercer’s comprehensive research provides valuable insights into the cost of living and factors that influence these cities’ rankings.
Categories: Optical Illusion
Source: pagasa.edu.vn